Secured Personal Loans Fees & Interest Rates

The interest rate charged to the customer is based on the customer profile, credit bureau score, property type, market competition offerings, etc.
The interest rate applicable will vary from time to time and will be mentioned against the specific operative schemes/loan products

3% per month on overdue amount for actual days of due
Cheque bounce charges
Rs.500/- (for first instance)
Rs.750/- (for second instance)
Rs.1000/- (from third instance onwards)
Bounce charges will be added along with the next instalment. Bounce charges include GST

Customized Interest Rates	12 to 27%
Processing Fees	1.5 – 2 %
Loan Tenure	up to 20 years
Pre/ Part Payment Charges	Part prepayment up to 25% of the Loan Amount can be made in a Financial Year. Part prepayment in excess of this limit will be subject to pre-payment charge of 3% of the loan amount prepaid plus Applicable Taxes
Fore-Closure Charge	3% of Principal Outstanding +Applicable Taxes (only after payment of 3 EMIs)
Loan Amount	₹ 50,000 – ₹ 50 lakh
Instalments	Flexible Monthly

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